• PwC: The CEO’s ESG dilemma

    January 25, 2023

    A recent PwC survey highlights the predicament facing CEO’s as a large majority of global investors placed ESG-related outcomes among their top five priorities for business to deliver but 81%  would accept only a 1 percentage point or smaller reduction in returns to advance ESG objectives.

  • Gramm and Peirce: SEC's Attempt to Supplant the Market

    January 20, 2023

    Phil Gramm and Hester Peirce argue in the Wall Street Journal that the Security and Exchange Commission (SEC) is attempting to supplant the market as it seeks to induce private companies to take steps to achieve social goals rather than serve it’s main purpose of combating fraud or encouraging market integrity.

  • AGs Pressure Advisory Firms to Ditch ESG

    January 19, 2023

    Proxy advisory firms received a letter from twenty-one state attorneys general providing evidence of the firms possible violations of their fiduciary duty concerning their use of Environmental Social and Governance (ESG) criteria while issuing counsel to state investment agents.

  • Moore: Biden's New ESG Investment Rule Puts Retirement Savings in Jeopardy

    January 18, 2023

    Expert and Author Stephen Moore explores how President Biden’s Labor Department’s new rule allowing retirement fund managers to select stocks of companies based on their positions on social and environmental issues (ESG), not on which companies give the best return on investment puts citizens retirement savings in danger.

  • Vanguard Grows Business After Shunning ESG

    January 17, 2023

    According to Morningstar Inc. Vanguard was the sole exchange-traded fund provider of the industry’s top five firms to see its European business grow last year due to, in large part, « its minimal exposure to ESG ».

  • Wharton Creates New ESG Major

    January 11, 2023

    Wharton’s School of Business has just launched a new Major called Environmental, Social and Governance Factors for Business, causing concern that the campus will become a mouthpiece for ESG’s one sided view of business and capitalism.

  • EU’s ESG Reporting Standards Move Full Speed Ahead

    January 04, 2023

    Over the next few years, multinational companies will face a growing burden of sustainability reporting following the new reporting rules that have been prepared by the European Financial Reporting Advisory Group that cover all aspects of environmental, social and governance issues.

  • Why are Republicans in the U.S. Fighting Against ESG

    December 28, 2022

    Over the past year, Republican leaders in the U.S. have been increasingly fighting against environmental, social and governance (ESG) policies, in particular when it comes to investing state funds, arguing that the nation's top money managers are pursuing an ideological agenda at the expense of financial returns.

  • Florida’s New Senate President Joins DeSantis, GOP Leaders in ESG Opposition

    December 20, 2022

    Following Florida’s decision to withdraw $2 billion in investments from BlackRock, the fight against « Woke » financial practices continues as Florida’s new Senate President Kathleen Passidomo joins Gov. DeSantis and other Republican state leaders in opposing environmental, social and corporate governance standards (ESG).

  • Texas Lawmakers Question BlackRock, State Street over ESG Investing

    December 20, 2022

    Republican lawmakers on the Texas State Committee on State Affairs questioned investment firms BlackRock and State Street on their investment practices based on Environmental, Social and Governance (ESG) policies to ensure that the state’s public pension funds are not being used to further a specific political or social cause.

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